A Dhaka Court has acquitted City Bank Chairman Aziz Al Kaiser of all charges in three cases filed by his ex-wife, Tabassum Kaiser.

Judge of the Chief Metropolitan Magistrate's Court in Dhaka passed the order recently after hearing the cases, said a press release.

The cases were filed against him on charges of breach of trust, cheating and forgery in December 2022.

Upon careful consideration of the cases and a thorough assessment of the allegations, the court initially directed the Detective Branch (DB) of the police to investigate the cases.

Following a full inquiry, the DB found the allegations to be baseless and submitted a conclusive report in favour of Aziz Al Kaiser.

However, Tabassum Kaiser filed an objection petition against the DB's final report.

Consequently, the court referred the matter to the Police Bureau of Investigation (PBI) for a re-investigation. After an extensive review, the PBI also failed to uncover any evidence supporting the charges against Mr. Kaiser. And on April 17, they submitted their final report to the court.

Despite another objection petition from the plaintiff, the court upheld the PBI's findings, accepting their report and ultimately acquitting Aziz Al Kaiser in all three cases.

In response to the verdict, Mr. Kaiser stated, "These were baseless allegations from the outset, motivated by malicious intent to extract substantial sums from me."

Kaiser also opined that there might be ulterior motives behind his ex-wife's repeated submission of objection petitions, despite multiple investigations finding no grounds for the charges against him.

Tabassum Kaiser, also one of the Directors of Partex Star Particles Mills Ltd, filed the three separate fraud cases on December 28 in 2022.

According to the case statements, it was alleged that Aziz and board of directors held a board meeting without the presence of Tabassum Kaiser. The accused forged her signature and transferred all her shares in the Partex Group in his name.